What would society be like if everyone was rich and money was no object? Would this be a good or a bad thing?
2006-08-23 08:33:25 · 16 answers · asked by Anonymous in Social Science ➔ Economics
Everyone had the same amount of money.
2006-08-23 08:39:27 · update #1
Wouldn't make any difference at all. If we printed up a bunch of money and divided it up. What could you buy with it. Who would mow your lawn indeed. Your not going to be able to get another millioinaire to mow your lawn, bake your bread, stand behind the cash register at the 7-11, flip your hamburgers, fix the broken water main, pave the road, fix your flats, make tires for your car, drive the gas truck, unless you pay them quite a bit.
So a millionaire might make you a hamburger for $10,000 or mow your yard for $40,000. Eventually the people that were willing to work would have billions of dollars and the people that weren't would have nothing. Hey, thats the way it is now.
2006-08-24 15:07:01 · answer #1 · answered by Roadkill 6 · 1⤊ 0⤋
Life would be so grand. Abundance is a VERY good thing. Imagine a life where there was food for everyone. Everyone drove a nice car, Everyone was in a good mood because they have every material thing they desire. Although it'd be harder for an unattractive person to find a girlfriend. No one would be afraid of losing their job, or not having money for food. And without that fear a lot of anger would be removed. with that anger removed would leave hate and thusforth suffering. We'd have to learn how to do menial tasks ourselves. And fix our own houses. No one would want to do those things. They're rich. So everyone would be forced to become more independant and forced to learn menial things to take care of their own. Perphaps we'd form things similar to buyers clubs, except with agriculture and menial tasks. Instead of everyone alternating buying food in bulk, we'd alternate doing the menial tasks in life and growing food. It'd be quite an experience, and in our off time, we'd be able to ball and do what makes us happy, worry free. I think it'd be grand. But people being how they are. The ones who don't know how to handle the money and spend it when they get it, would simply lose it again, and the rich ones who know how to handle it, would get it all back, and it'd eventually get back to how it is now. Which is probably better. So it'd probably be best either way, to learn about finances and how to handle money. And become wealthy yourself.
2006-08-23 08:38:30 · answer #2 · answered by Answerer 7 · 3⤊ 0⤋
Life with everyone rich is like a game where everyone is cheating. It is not fun.
Although, it depends on what you can consider is rich and wealthy. Not even the rich are rich. You do not have everything. In order to stay wealthy, you must work to keep it persisting.
Therefore, it is not possible for this condition to truely occur.
2006-08-26 14:37:56 · answer #3 · answered by lightning_bug_x 2 · 1⤊ 0⤋
It wouldnt work out well at all. If EVERYONE was wealthy then due to the massive increase of available funds inflation would SOAR. You would then begin to have the formation of new economic social classes. Not everyone would be as wealthy as everyone else. Those "less' wealthy would be at the bottom of the ladder and those "more" wealthy would be att he top until the social economic class system would stabalize itself and eventuallu be much like it is today. Its all about inflation
2006-08-23 20:25:36 · answer #4 · answered by riommar73 3 · 0⤊ 0⤋
Life without difference will be boring, hopeless and without objective and hence our life expectancy will be very short because many people kill themselves. Now in USA and other affluent countries many people kill themselves because they are bored, hopeless and without objective though it is not the result of equal wealth. The rich are working hard because there are the poor below them and the poor are working hard because there are the rich above them and both live without boredom, with hope and for an objective. Your life ends when you have every thing today and bored and start hating the future.
2006-08-24 22:18:46 · answer #5 · answered by mekaban 3 · 0⤊ 0⤋
If everyone had the same amount of money today, tomorrow everyone would have a different amount.
So in theory, universal financial equality would last only one day.
2006-08-28 13:38:48 · answer #6 · answered by flugelberry 4 · 0⤊ 0⤋
I f money wz distributed among all people, the rich would get rich, and the poor would get poorer. Why? Because people who are rich have different methods of investing, and know how to avoid paying taxes. Poor people, if educated and motivated, could study finance, and hold onto their wealth. But, if poor, uneducated people had an equal share, they would loose their money. They would have no money concept, and blow it. They would not be able to hold onto wealth.
2006-08-26 12:23:26 · answer #7 · answered by bobbie e 3 · 0⤊ 0⤋
Money would still be an object. People would compete for ownership of scarce status symbols. Bugatti Veyron would sell for $160 million instead of current $1.6 million. Beach homes in California would go for $200 million instead of current $20 million. And so on and so forth...
2006-08-23 13:28:35 · answer #8 · answered by NC 7 · 0⤊ 0⤋
Well, if everyone was wealthy, then no one would be wealthy, and that would be good thing. We're all the same anyway, so what's the point of acknowledging perceived differences.
2006-08-23 08:58:24 · answer #9 · answered by Solstice 3 · 0⤊ 0⤋
People would be generous with each other and there would be a lot of love around and a lot less complaining.
This would only be a good thing if and it's a big if:
"IF WE HAD GOOD VALUES THAT DON'T DESTROY THE PLANET"
Otherwise it would be a disaster. Hate to admit it but human poverty assists the environment.
2006-08-23 22:03:47 · answer #10 · answered by zamir 2 · 0⤊ 0⤋